Risk is present in every aspect of every project. Rather than a one-time event, Risk Management is a process that starts the moment you are assigned as the Project Manager and continues until completion of the effort. This course examines the Risk Management framework, including planning for risk, identification of risks in scope, resources and schedules, assessment of risks, and how to monitor and control risks. Students will obtain hands-on practice identifying sources and triggers for risks, writing well-crafted risk statements, and working with stakeholders to reduce or eliminate risks. This course uses project management guidelines and standard terminology from the Project Management Institute’s PMBOK® Guide. 

• Principles of Project Management or equivalent knowledge  

Session 1   

• Describe the key risk management concepts and terminology utilized by the Project Management Institute (PMI) 
• Describe the inputs, methods, and outputs for identifying project risk 
• Describe common questions for assessing the overall project risk 

Session 1 Assignments 

• Read Kendrick, Chapters 1-2 and pp. 249-257 

Session 2  

• Describe the inputs, methods, and outputs for identifying project risk. (continued) 
• Describe the inputs used to identify project risk 
• Describe the four major sources of project risk 
• Identify the components of a well-written risk statement 

Session 2 Assignments